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he is in washington, where he himself scaled the georgian columns of the fed building. he is here with a preview. steve, what can we expect from the final fed decision of 2012? >> as you know, brian, i run a spdr line from the monument. that's how we get up here. this is really a historic day, and i think the market really hasn't focused on it. the fed's balance sheet is really about to explode. you just gave the numbers. i want to do the math on the numbers really quickly. we're asking qe4 what today. the current purchases are $40 billion of mortgage backed securities. they're going to replace operation twist with $45 billion. add it up, that's a total of $85 billion a month. what happens when you annualize that? the existing level of the balance sheet is $2.8 trillion. the expected growth, 85 times the 12 right there. it's going to be up by a trillion by the end of the year if they maintain the pace. well, the level at the end of the year is going to be $3.8 trillion. compare that with the balance sheet before the crisis began of $800 billion. so we're going to add on
he is in washington, where he himself scaled the georgian columns of the fed building. he is here with a preview. steve, what can we expect from the final fed decision of 2012? >> as you know, brian, i run a spdr line from the monument. that's how we get up here. this is really a historic day, and i think the market really hasn't focused on it. the fed's balance sheet is really about to explode. you just gave the numbers. i want to do the math on the numbers really quickly. we're asking...
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we had friends -- it's past tense now -- in washington, d.c. they've been together for over a decade. one partner went out of town on a business trip. came back, opened his apartment door. and his partner was on the floor, having passed out -- or died of a heart attack in his absence. the deceased partner's relative was a lawyer brother in boston for whom had been estranged. he came and took everything. the laws were against the one that -- they shared their lives and their fortune and yet he lost t all. so this grieving partner lost not only the love of his life, but everything that they had built together. there's that kind of injustice. and this barrier that we insist on, legalistic barrier that we insist on putting up is to me unfathomable. in the case of our being incourse rated in the second world war, we looked different. we were visibly identifiable. but in the case of homophobia, we are literally members of a family. we are sons and daughters of heterosexual parents. we are brothers and sisters. we are literally kin, blood kin, and yet
we had friends -- it's past tense now -- in washington, d.c. they've been together for over a decade. one partner went out of town on a business trip. came back, opened his apartment door. and his partner was on the floor, having passed out -- or died of a heart attack in his absence. the deceased partner's relative was a lawyer brother in boston for whom had been estranged. he came and took everything. the laws were against the one that -- they shared their lives and their fortune and yet he...
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rich 5rd besser, abc news, washington. >>> now, i want to bring everyone up to date on the former president of south africa, the man who ended about p apartheid, nelson mandela. the 94-year-old has been in the hospital since saturday, and until now, we didn't know why. but today, we learned that mandela is receiving treatment for a lung infection. he is said to be responding to treatment tonight and while we await his release, we thought back to that other image, the man who walked free after 27 years in prison. teaching the world not about retribution, but about forgiveness and healing. >>> and still ahead here on "world news," the incredible hit caught on tape, in the heart of holiday shopping in new york city. a real life manhattan murder mystery, tonight. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ mal
rich 5rd besser, abc news, washington. >>> now, i want to bring everyone up to date on the former president of south africa, the man who ended about p apartheid, nelson mandela. the 94-year-old has been in the hospital since saturday, and until now, we didn't know why. but today, we learned that mandela is receiving treatment for a lung infection. he is said to be responding to treatment tonight and while we await his release, we thought back to that other image, the man who walked...
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that court case began this weekend in washington. they argue the filibuster is illegal because it infringes on what they see as a constitutional guarantee of majority rule in congress. the court system has never before entered into the senate's internal role making, and quite frankly, it is unlikely to do so now. but they're trying. the other track is in the senate. majority leader harry reid keeps threatening to change the rules. he says it will happen at the very beginning of the next congress. the very first item on the agenda. the main idea under consideration, the main way to change the rules comes from oregon democrat jeff merkel. if you want to filibuster, you can't say 60 vote rule, too bad. can't vote on that. you actually have to go down and hold the floor and talk and talk and talk and talk all night and for days and for weeks. you need to work for it. there is merit to this idea. it would make filibusters harder on the minority. it would make them more transparent to the public. it would make them less likely on popular b
that court case began this weekend in washington. they argue the filibuster is illegal because it infringes on what they see as a constitutional guarantee of majority rule in congress. the court system has never before entered into the senate's internal role making, and quite frankly, it is unlikely to do so now. but they're trying. the other track is in the senate. majority leader harry reid keeps threatening to change the rules. he says it will happen at the very beginning of the next...
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meanwhile, a new poll out today on the cliff, economy and our leaders in washington. john harwood live at the wlous with more on that, john, over to you. >> reporter: sue, we will have full details tonight after 6:30 p.m. but for now, we've got one early release question which the results will not come as a surprise to anybody on our network because the desire by the public for law makers in washington to make a deal is very strong. when we ask people, do you want both sides to compromise on their positions, even if that means cuts in social security and higher taxes, or do you want them to stick to their position, 65% of the american people say they want both parties to compromise only 28% say stick to your positions. that is very consistent with the desire on wall street. and it is on main street as well, to get something done. and as you mentioned, sue, there has not been much external signs of a deal. though we did have an exchange of offers and that at least is something. >> indeed, john, it is. thank you very much. john harwood live at the white house. ty? >> su
meanwhile, a new poll out today on the cliff, economy and our leaders in washington. john harwood live at the wlous with more on that, john, over to you. >> reporter: sue, we will have full details tonight after 6:30 p.m. but for now, we've got one early release question which the results will not come as a surprise to anybody on our network because the desire by the public for law makers in washington to make a deal is very strong. when we ask people, do you want both sides to compromise...
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. >> a little sad we get this excited to find out people are actually talking to each other in washington. but it's a reality check, sign of the times. it's always better when the two top men who got to make the decision ultimately are getting in a room without scameras and moving proposals back and forth. it's a sign of progress. is it progress in the next 48 to 72 hours? that's probably optimistic. but progress is being made because conversation is occurring. >> i hate to say this, i was really thrilled we weren't getting a whole lot the last two days which signaled to me at least maybe these guys have decided it's not good to work this out in the court of public opinion, yet now we're starting to hear a little more. good news, bad news? >> i think it's encouraging. among republicans there's an emerging view that was championed by representative cole of oklahoma, wait a second, what we can do is pass one law that extends all the middle income tax cuts and another that extends the whole package and then let the president veto one, let the other go through and we shield a large majority o
. >> a little sad we get this excited to find out people are actually talking to each other in washington. but it's a reality check, sign of the times. it's always better when the two top men who got to make the decision ultimately are getting in a room without scameras and moving proposals back and forth. it's a sign of progress. is it progress in the next 48 to 72 hours? that's probably optimistic. but progress is being made because conversation is occurring. >> i hate to say...
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i like englewood cliffs and the floor of the new york stock exchange more than washington. there is always a bull market somewhere. i will see you tomorrow. >> madoff. it is a name that will live in infamy. it's a tough name to live with. >> it sure is. >> in the first interview since bernie madoff's arrest, his wife ruth... >> i trusted him. >> and son andrew... >> that's who i am. my name is madoff. and i'll live with that for the rest of my life. >> speak out about crime, guilt, suicide... >> mr. madoff, what do you have to say for yourself? >> and the day bernie admitted to committing the largest financial fraud in history. >> and he said, "i have a confession to make. i've been running a ponzi scheme." [ticking] >> do you think you could pull off this scam today? >> given the same security measures? >> yep. >> easily. piece of cake. >> sam eshaghoff's scam was getting paid thousands of dollars to take the s.a.t. test for other students. he did it at least 16 times, scoring in the 97th percentile of the country. >> i would call him an academic gun for hire. that's what
i like englewood cliffs and the floor of the new york stock exchange more than washington. there is always a bull market somewhere. i will see you tomorrow. >> madoff. it is a name that will live in infamy. it's a tough name to live with. >> it sure is. >> in the first interview since bernie madoff's arrest, his wife ruth... >> i trusted him. >> and son andrew... >> that's who i am. my name is madoff. and i'll live with that for the rest of my life. >>...
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. >> joining us now, washington post columnist and msnbc political policy analyst, ezra klein. ezra, we keep asking the same questions and each day sort of have the same answer, but i ask you, my friend, is anything happening here or nothing happening here, what do you make of the $1.4 trillion number and the news today republicans aren't giving ground on the bush tax cuts? >> i don't make much of it. what was interesting to me, not much of the deals have leaked. that means the negotiations are going fairly well. a couple weeks ago, everything leaked immediately as soon as anybody said it. it means they are trying to talk. one thing i think we sometimes forget, the two sides disagree in a big way. boehner doesn't want to or think he can sell his members on a big tax increase, and president obama, particularly if he's not going to get the tax increase, is not going to go for big entitlement cuts. the underlying problem, the one nobody is knowing how to solve, is what breaks the actual disagreement here. and as of yet, nothing either side have put on the table that is enough to d
. >> joining us now, washington post columnist and msnbc political policy analyst, ezra klein. ezra, we keep asking the same questions and each day sort of have the same answer, but i ask you, my friend, is anything happening here or nothing happening here, what do you make of the $1.4 trillion number and the news today republicans aren't giving ground on the bush tax cuts? >> i don't make much of it. what was interesting to me, not much of the deals have leaked. that means the...
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with me is ron reagan and dana milbank of the "washington post." before we talk about the gop split, we should republicans in the white house have exchanged new proposal tsds today. and president obama and boehner have spoken at this time. quote, we sent the white house a counteroffer that would achieve reform to solve our looming debt crisis and create more jobs. that's all we know. dana milbank, they say it's good. they said it will solve our problems. they won't say what it is. explain. >> well, look, we're still in the fairly early stage of posturing here, and nobody can strike a deal until they get closer to it, until their feet are to the fire. >> when do you say the fire begins? >> nobody can make any prediction for sure -- >> try. >> they could hammer this out in three hours if they really wanted to. >> that's right. >> but if they don't wait until the very end of december or even go over the cliff -- >> i think it's 21. i'm going to bet on -- what's your hunch about this, ron reagan? you're here -- i think they're going to try to get it do
with me is ron reagan and dana milbank of the "washington post." before we talk about the gop split, we should republicans in the white house have exchanged new proposal tsds today. and president obama and boehner have spoken at this time. quote, we sent the white house a counteroffer that would achieve reform to solve our looming debt crisis and create more jobs. that's all we know. dana milbank, they say it's good. they said it will solve our problems. they won't say what it is....
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>> 57. >> i was in washington. and in reykjavik and geneva on the reagan staff. >> with the russians -- from your point of view as a russian expert, what was going on in the russian mind as all of this was taking place? what was the importance of the emergence of gorbachev as the leader of the soviet union? >> there are a number of very important questions out there. i think we understand in retrospect, much better than we understood that the time. one of the misperceptions i believe we had was that the deployment of the ss-20s had been calculated in advance to be a threat to europe and to decouple the alliance. as we look back now, we can find they had not staffed whatsoever, it was largely about inertia of the military-industrial complex. they would build what they could end before ministry was not even consulted before their decision to deploy. we now know there was a minority of opinion in the foreign ministry after the deployment. because it would be seen as a threat to to western europe and it would bring a r
>> 57. >> i was in washington. and in reykjavik and geneva on the reagan staff. >> with the russians -- from your point of view as a russian expert, what was going on in the russian mind as all of this was taking place? what was the importance of the emergence of gorbachev as the leader of the soviet union? >> there are a number of very important questions out there. i think we understand in retrospect, much better than we understood that the time. one of the...
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i think we could watch and see what happens in the state of washington, for instance, around seattle, and let the american government and let the american people see, does it cause a serious problem or not. all drugs were decriminalized in portugal about ten years ago, and the use of drugs has gone down dramatically. >>> elsewhere, you have heard stephen colbert's name mentioned, we think in jest, as the next senator from south carolina. well, his potential colleague, john mccain, was asked what he would teach colbert if he landed a job. mccain jokingly answered, "how to shut up." ouch! what? >>> so, if ashley judd decides to run for senate in kentucky, she'll be off to a strong start. a new poll by the democratic-leaning public policy polling shows the actress trailing current occupant mitch mcconnell by just four points, 47% to 43%. >>> and finally, scientists at harvard and yale have named a recently discovered prehistoric lizard after president obama. here's the name -- obamadon graculus. it's latin and based on the grin and slender demeanor. that's the dish of "scrambled politics
i think we could watch and see what happens in the state of washington, for instance, around seattle, and let the american government and let the american people see, does it cause a serious problem or not. all drugs were decriminalized in portugal about ten years ago, and the use of drugs has gone down dramatically. >>> elsewhere, you have heard stephen colbert's name mentioned, we think in jest, as the next senator from south carolina. well, his potential colleague, john mccain, was...
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let's get some breaking news in washington. ayman? >> carl, this is actually breaking political news. today announcing new regulations on so-called 501 tax-exempt organizations that engaged in electioneering under federal law as it stands right now, they're allowed to engage in electioneering and not reveal who their donors are. now schneiderman in new york saying the state is going to require them to reveal if they spend up to $10,000 in that state. the groups that spend at least $10,000 to influence state and local elections in new york will be required to file itemized schedules and disclose their donors. potentially interesting move here by new york state. we'll have to see if other states follow this one, carl. >> nonprofits have a lot to deal with. >> oh, boy. >> thank you for that. before we go, jim, tonight -- >> first time since the cooper acquisition, they've become a power management company. mark papa, he's been on my show. he's at the heart of why we're becoming a great energy producer again, because he's got both eaglefo
let's get some breaking news in washington. ayman? >> carl, this is actually breaking political news. today announcing new regulations on so-called 501 tax-exempt organizations that engaged in electioneering under federal law as it stands right now, they're allowed to engage in electioneering and not reveal who their donors are. now schneiderman in new york saying the state is going to require them to reveal if they spend up to $10,000 in that state. the groups that spend at least $10,000...
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. >> "washington post" reporter greg miller says this cia targeting expert, who found bin laden has become a target herself. >> she has wrangled colleagues in scuffles over credit for the operations. >> reporter: former navy s.e.a.l. matt bissonnette. >> in my opinion she teed up the whole thing and is wicked smart, feisty. >> miller says she received a cash bonus for her work but still felt slighted. >> she got a more prestigious award but was put out i that others were included on the list. >> the cia insists no single person found bin laden telling cnn quote, hundreds of analysts, operator and many others played key roles in the hunt. but there are questions to be answered. >> she is also scrutiny for her interactions with film makers as part of a broader inquiry at the agency. >> whatever happened the cia analyst was not promoted. >> it was stunning that this person who played such an important role in a historic mission was blocked from getting a pretty basic promotion. >> he wonders if the cia still can't cope with a supposedly pickly personality from a woman. >> if you did run down
. >> "washington post" reporter greg miller says this cia targeting expert, who found bin laden has become a target herself. >> she has wrangled colleagues in scuffles over credit for the operations. >> reporter: former navy s.e.a.l. matt bissonnette. >> in my opinion she teed up the whole thing and is wicked smart, feisty. >> miller says she received a cash bonus for her work but still felt slighted. >> she got a more prestigious award but was put...
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in washington i'm going to check out. what has been more deadly violence in syria with two blasts there a primary school southeast of the capital killing at least one person and injuring five in a separate incident one person was wounded following two more explosions near a court building in damascus where foreign policy experts see the warning signs of america recognizing the rebel coalition pushing syria deeper into a crisis which could echo region wide. what it does is that opens the door now for much more direct intervention in the civil war it will mean a heavy weapons will come in contention even i think you could end up with a no fly zone it's really pretty much an open declaration of war against the outside regime one of the things that i think is difficult is trying to get really accurate was courting it seems as if the our sort of regime is sort of its back against the wall and yet at the same time it doesn't seem as if the opposition could really hold on to territory i mean this could be a long running thing th
in washington i'm going to check out. what has been more deadly violence in syria with two blasts there a primary school southeast of the capital killing at least one person and injuring five in a separate incident one person was wounded following two more explosions near a court building in damascus where foreign policy experts see the warning signs of america recognizing the rebel coalition pushing syria deeper into a crisis which could echo region wide. what it does is that opens the door...
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it's nine pm moscow time the main news tonight the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that has a massive blast rocks damascus. but there is no word from america on changing its definition says there has been overwhelming evidence terrorists by a long sight the rebels more details coming up. the other big stories of the day north korea's rocket blast so often a message of defiance gone young says it sent a weather satellite into space but it's enough to unnerve the region. and president putin vows to cage the corrupt and says it's time for russians to seize the initiative in their country's development. in a very good evening to if you just joined us money kevin i mean this is our first syria's main opposition group says the u.s. should reconsider its decision to add an al qaeda linked group to its list of terrorist organizations saying it's helping them in their fight to topple president bashar assad this is the united states becomes the latest country to openly declared support for the opposition coalition meantime th
it's nine pm moscow time the main news tonight the syrian opposition says washington shouldn't label any group fighting the assad regime is a terrorist that has a massive blast rocks damascus. but there is no word from america on changing its definition says there has been overwhelming evidence terrorists by a long sight the rebels more details coming up. the other big stories of the day north korea's rocket blast so often a message of defiance gone young says it sent a weather satellite into...
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happening right now, we'll get you live to washington in capitol hill. house speaker john boehner expected to speak right there from that podium at any moment. he had a call with the president last night after republicans sent a new proposal over to the white house to avoid the fiscal cliff. the house speaker. let's listen. >> i feel fine, i just sound a little foggy, that's all. as of today, the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out the day after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. our plan meets the standards, it cuts spending and paves the way for real job growth in our country. in the five weeks since we signalled our willingness to forge an agreement with the president, he's never put forth a plan that meets these standards. and, frankly, that's why we don't have an agreement today. the longer the white house slow w
happening right now, we'll get you live to washington in capitol hill. house speaker john boehner expected to speak right there from that podium at any moment. he had a call with the president last night after republicans sent a new proposal over to the white house to avoid the fiscal cliff. the house speaker. let's listen. >> i feel fine, i just sound a little foggy, that's all. as of today, the president's plan to avert the fiscal cliff still does not meet the two standards that i laid...
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the development of the relations between moscow and washington neither washington is one for the eighty missile defense system in europe which are still considered by moscow as a potential threat to russia's national security so these are the basic points and issues which are which the brotherhood expected to talk about but of course find out more one of the address happens that's going to be around moscow time with the . g m g. listening to this stage of the nation address together with the boer and about this time thank you very much. but it's still isn't it some advantage says russia you asked for trained due to political infighting in washington. i believe that it will be very difficult to come back to their recess out because as inherited from himself from his previous time in. a divided congress it still has a lot of so-called hawks. will be quite aggressive and will be quite up in the opposition towards russia in its initiatives and we have seen that recently witness said during the so-called magnitsky act it was passed by the congress and the president will have no other option
the development of the relations between moscow and washington neither washington is one for the eighty missile defense system in europe which are still considered by moscow as a potential threat to russia's national security so these are the basic points and issues which are which the brotherhood expected to talk about but of course find out more one of the address happens that's going to be around moscow time with the . g m g. listening to this stage of the nation address together with the...
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he's not willing to check the heart at washington's door. all right. come on, this show's about making money, cramer. not a cardiology exam versus ben bernanke and the president and congress. it's the most valuable thing you can do to keep the bull market from running out of steam. as part of a long term analysis of the stock market that i've been working on pretty much every night knight at home, if needed to know one number, one piece of data to predict the market you would choose the unemployment rate. when the unemployment rate is going lower and jobs are being created, the positive signs. the congress of course is true, too. now, the problem at the moment isn't with the fed it's with the executive branch and the legislature. the presidential intransigence as well as no new tax pledge to grover norquist, republicans won't miss tax hikes to make a deal. the president is nothing serious when it comes to spending at all. nothing! so it looks like the cliff jumps ahead of us after my trip to washington. that was a tough day. had to take a couple shower
he's not willing to check the heart at washington's door. all right. come on, this show's about making money, cramer. not a cardiology exam versus ben bernanke and the president and congress. it's the most valuable thing you can do to keep the bull market from running out of steam. as part of a long term analysis of the stock market that i've been working on pretty much every night knight at home, if needed to know one number, one piece of data to predict the market you would choose the...
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financial considerations were one of the reasons they had broad base washington state native to western siberia yet his main motive for the surgery had to do with how he fared in auditors in america advertised as one seventy five hours one sixty seven or one sixty eight and so on eight centimeters would have brought me right to average if i just wanted to be average for women height isn't so important you know i think girl can be short and it's not a big deal like your guy is like expected to be taller just before the operation most this matter russian girl who found he's a regional hide quite endearing yet he still want to have a day surgery adding seven more centimeters to the self-confidence she took to tell me the whole time you're crazy you're normal you're perfect. for now or should i call you so what a compliment for somebody who's used to falling short of his own expectations. from fears to tears europe is in the midst of a depression officially the latest data shows that the seventeen member eurozone will end the year in a recession its second since two thousand and eight the s
financial considerations were one of the reasons they had broad base washington state native to western siberia yet his main motive for the surgery had to do with how he fared in auditors in america advertised as one seventy five hours one sixty seven or one sixty eight and so on eight centimeters would have brought me right to average if i just wanted to be average for women height isn't so important you know i think girl can be short and it's not a big deal like your guy is like expected to...
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plus, both colorado and washington state voters have okayed marijuana. we talk with one company already profiting from medical marijuana products. >> tom: the college football bowl season is a lesson in supply and demand economics, showing how the market economy works for the same seat in the same stadium for two different games. here's rick horrow with tonight's "beyond the scoreboard." >> reporter: they're two of the biggest games of the college football season, but despite being played in the same stadium just six nights apart, interest in the discover orange bowl and the b.c.s. national championship game couldn't be more different. the average ticket price for the title game between traditional powers alabama and notre dame is a whopping $2,400, which is more expensive than two of the last three super bowls. the game likely will be the most-watched event in cable tv history, with more than 30 million people expected to tune in. both alabama and notre dame will pocket $22 million for the appearance. for the orange bowl, florida state and northern illi
plus, both colorado and washington state voters have okayed marijuana. we talk with one company already profiting from medical marijuana products. >> tom: the college football bowl season is a lesson in supply and demand economics, showing how the market economy works for the same seat in the same stadium for two different games. here's rick horrow with tonight's "beyond the scoreboard." >> reporter: they're two of the biggest games of the college football season, but...
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so why it is held up, i don't know. >> dick butkus joins me on the phone from washington. mr. butkus, thank you for calling in. i know that more than a year ago the players in the league, they signed that new labor agreement that included testing for hgh. you say most players want it. so what's the deal? what's the holdup? >> well, i don't know. they want to check the validity of the test because, you know, if it is a false-positive, you know, you could destroy some of your reputation. but as far as i know, the scientific people brought up that the tests are reliable and i think the whole thing stems, for me, really revolves around my i play clean campaign, the effect on kids. i'm trying to tell -- get the point across to kids that it is the wrong thing to do and, you know, they look up to nfl players. so that's my part is trying to get the kids educated about performance enhancing drugs because there is, you know, there are surveys that we have been privy to, it is over 400,000 kids experimenting with performance enhancing drugs. >> over 400,000. >> i think that's important.
so why it is held up, i don't know. >> dick butkus joins me on the phone from washington. mr. butkus, thank you for calling in. i know that more than a year ago the players in the league, they signed that new labor agreement that included testing for hgh. you say most players want it. so what's the deal? what's the holdup? >> well, i don't know. they want to check the validity of the test because, you know, if it is a false-positive, you know, you could destroy some of your...
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ben bernanke in washington, d.c. the fed chief on cue, so powerful today. ben bernanke, the fed chief, and they have been plowing money into the economy through stimulus for years now. the federal reserve, doing one thing after another. qe 1, qe 2, all of the buzz words, we'll hear from the fed today. everyone expects they will do more. buying back bonds and mortgages maybe and that acts as pushing money into the economy, propping things up. one of the things have you seen the stock market up, is because the fed is holding things up even as washington is fighting over the fiscal cliff. >> there is evidence that it works. >> very controversial. look, if you didn't have the fed pumping money into the system, where would we be right now? there are those who worry about what this means down the road. when the fed is pushing so much money into the system, quote-unquote, printing money. how will this distort the economy down the road? but for the very right now, their concern about keeping the economy going so that people
ben bernanke in washington, d.c. the fed chief on cue, so powerful today. ben bernanke, the fed chief, and they have been plowing money into the economy through stimulus for years now. the federal reserve, doing one thing after another. qe 1, qe 2, all of the buzz words, we'll hear from the fed today. everyone expects they will do more. buying back bonds and mortgages maybe and that acts as pushing money into the economy, propping things up. one of the things have you seen the stock market up,...
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washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your qe buck as steve liesman put it earlier on. >> thanks for joining us. always good to see you, eyore pento. >> putting fire into the conversation. >> thank you. >>> so much for the holiday cheer. with the rate things are going in washington, there will be plenty of holiday jeer between now and the new year. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>> well, two former presidential candidates face off after the break. i feel like i'm going back to 2008 or 2004. steve forbes says no tax hikes for anybody while howard dean argues everybody needs to pay a
washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your...
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the sun is coming up over washington. joining us now, contributing editor and best selling author, sebastian junger. a world made of blood. we have been following this over the years. tell us about it. >> i was there during the civil war and this was my first african civil war and it was uniquely terrifying. of course i'm a journalist and that's mostly what i do, but in this case after i finished my assignment, a few years later i thought i would try to write fiction for a journalist. it seems like a no go zone. i thought i would give it a try. this is taking my experience that is already seeing how i react and how other people would react. watching it play out in a fictional way. >> the overhappen happelap is protagonist of the book? >> it's a short story. maybe it's a book in the internet sense, but i just downloaded it. i was reading it. >> how is it? >> it's -- daniel is a jung reporter. we have known these people and the story seems to be going the way of most realistic stories. the veteran photographer in a war zone
the sun is coming up over washington. joining us now, contributing editor and best selling author, sebastian junger. a world made of blood. we have been following this over the years. tell us about it. >> i was there during the civil war and this was my first african civil war and it was uniquely terrifying. of course i'm a journalist and that's mostly what i do, but in this case after i finished my assignment, a few years later i thought i would try to write fiction for a journalist. it...
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speaker, i came to washington to get something done. speaker boehner shows he understands the gravity of the situation and wants to find a solution. i stand solidly behind him. protecting small businesses and addressing our spending problems are too important for the economy to ignore. the situation demands that we deal in reality. once again, mr. speaker, america can handle the truth if given all the facts. i yield back my time. mrs. blackburn: i thank the gentleman for yielding back and i thank mr. mckinley for his well thought-out presentation and putting this 1040 form up here by the i.r.s. and we are coming up on the 100th anniversary of the federal income tax which was to be a 1% income tax on the top 1%. now the 100th anniversary is february 25, 2013. mr. speaker, i think this is a grand time to say let's totally overhaul this tax code here in the united states and let's make certain it is fair. the gentleman talked about the small businesses that he interfaces with. a convenience store operator, a female who runs a seven-person
speaker, i came to washington to get something done. speaker boehner shows he understands the gravity of the situation and wants to find a solution. i stand solidly behind him. protecting small businesses and addressing our spending problems are too important for the economy to ignore. the situation demands that we deal in reality. once again, mr. speaker, america can handle the truth if given all the facts. i yield back my time. mrs. blackburn: i thank the gentleman for yielding back and i...
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peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us there is's big gulf between the sides on detailings. republicans don't think that the president is specific enough about the spending cuts he's willing to pass. >> the president doesn't agree with our approach. he's got an obligation to put forward a plan to pass both chambers of congress. right now the american people have to be scratching their head and wondering when the president is going to get serious. >> officials privately expresss would increased optimism about a deal with one senior audiovisor saying that democrats and republicans moved 75 percent of the way toward a deal and in an brew with barbara walters on abc, president obama said he is optmistic that there are enough people
peter doocy is life in washington. >> the speaker of the house john boehner thinks that president obama moved the goal post again yesterday. even though the president is asking for 1.4 trillion in new taxes over the decade which is 200 billion less than the initial offer, the republicans are not moving. their counter offer for 800 billion over a decade same as before and republican aids are telling us there is's big gulf between the sides on detailings. republicans don't think that the...
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i want to talk to you specifically about something else going on in the washington. you were no fan of the president in the run up to the election and there were so many people on wall street who frankly were not fans and were outspoken about it. now, there seems to be a move afoot within washington and some level on wall street to try to mend those fences. what's going on? can you take us behind the scenes a little bit? >> i think it's pretty clear we're supposed to be one country. we have a new president, we have a four year run and i think people have to find some common ground. i think the president is reaching out pretty aggressively in the context of trying to make connections to the other side to get a budget deal done which i think he's really very committed to wanting to do. >> when you look at the election results, and you look at where we are in this conversation about the fiscal cliff and raising taxes, do you say to yourself, that he has a mandate to raise tax rates or not? >> well, geez, i think he thinks he does in a certain way. i think that the numbe
i want to talk to you specifically about something else going on in the washington. you were no fan of the president in the run up to the election and there were so many people on wall street who frankly were not fans and were outspoken about it. now, there seems to be a move afoot within washington and some level on wall street to try to mend those fences. what's going on? can you take us behind the scenes a little bit? >> i think it's pretty clear we're supposed to be one country. we...
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the clerk: washington d.c., december 12, 2012. to the senate: under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable kirsten e. gillibrand, a senator from the state of new york, to perform the duties of the chair. signed: daniel k. inouye, president pro tempore. mr. reid: madam president, following leader remarks the senate will be in a period of morning business until 2:00 today. the republicans will control the first 30 minutes and the majority the final 30 minutes. the time from 11:30 till 2:00 p.m. will be for remarks by retiring senators. following morning business we'll resume consideration of the motion to proceed to s. 3637, the tag extension legislation. the filing deadline for first-degree amendments to that legislation is 1:00 p.m. today. madam president, the headline news for the last many weeks has been the fiscal cliff. in speaking with the president six months before the election, a few weeks before the election, a few days before the election and immediately
the clerk: washington d.c., december 12, 2012. to the senate: under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable kirsten e. gillibrand, a senator from the state of new york, to perform the duties of the chair. signed: daniel k. inouye, president pro tempore. mr. reid: madam president, following leader remarks the senate will be in a period of morning business until 2:00 today. the republicans will control the first 30 minutes and the...
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and so he came to washington, d.c. a few years ago, this is a picture of him that was taken recently before he died at the age of 110 at the d.c. memorial thope mall. what that is is a monument and memorial to all the veterans from the district of columbia that served in world war i. and i went with him to this memorial where we talked about expanding our honor of all veterans and having a memorial for everybody in the great world war i. that was his goal and he worked with many members of congress on this issue. unfortunately, he was not -- he didn't live long, only to 110, he didn't live long enough to see the memorial created. he was the last, madam speaker, the very last dough boy, american, that lived in the great world war i. they're all gone. every one of them. so it is up to us, members of congress and the public, to speak for them and honor them on the mall aacross the street as would be appropriate. it is, you know, in the mall we have three of the great wars of the last century, three of the great four wars,
and so he came to washington, d.c. a few years ago, this is a picture of him that was taken recently before he died at the age of 110 at the d.c. memorial thope mall. what that is is a monument and memorial to all the veterans from the district of columbia that served in world war i. and i went with him to this memorial where we talked about expanding our honor of all veterans and having a memorial for everybody in the great world war i. that was his goal and he worked with many members of...
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washington slammed the move as provocative while china and russia expressed regret. for more we're joined from by beijing by nbc reporter ian williams. ian, it seems to be a secretary launch. certainly more successful than one earlier in the year. what is the reaction there? >> reporter: that's right, rot. certainly more successful because, of course, that rocket earlier in the year burned out shortly after it left the ground. now across the region, there's been anger and dismay. but also a little bit of surprise because it had looked at the week, at the weekend like this launch might be delayed. the north incited technical reasons, but there was speculation that perhaps china, which had expressed deep concern, was putting pressure on behind the scenes. now a lot of the outrage we've seen has been predictable from japan, from south korea, from the u.s. but the chinese reaction has been a little bit more nuanced. they expressed that deep concern ahead of the rocket launch. and today they were wrapping themselves up in diplomatic contortionism if finding a way of respo
washington slammed the move as provocative while china and russia expressed regret. for more we're joined from by beijing by nbc reporter ian williams. ian, it seems to be a secretary launch. certainly more successful than one earlier in the year. what is the reaction there? >> reporter: that's right, rot. certainly more successful because, of course, that rocket earlier in the year burned out shortly after it left the ground. now across the region, there's been anger and dismay. but also...
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richard besser, abc news, washington. >> fantastic news. and it's a light drug, called azd 6765. >> remember that. >> memorize it, everybody. >> sometimes these antidepressants take weeks to kick in. if you're depressed, you have to imagine the suicide potential is high. so the weeks it takes to kick in, you know, that's important. that's a lag time where bad stuff could happen. so this is encouraging news for a lot of people who suffer with this. >> a lot of people wait until it's too late. so this could be great. >> certainly good news. we will lighten the mood when we come back. keep it right here on "world news now." ♪ >>> it's no secret that we like to eat around here. particularly one of us. so this next story is one that we're a little perplexed by. >> you like to eat. i actually like to inhale my food because i eat it so quick. but it's a growing trend that lets people inhale their food in a good way. >> reporter: attention foodies. put down your forks. >> i know that taste. >> reporter: the latest culinary craze doesn't involve f
richard besser, abc news, washington. >> fantastic news. and it's a light drug, called azd 6765. >> remember that. >> memorize it, everybody. >> sometimes these antidepressants take weeks to kick in. if you're depressed, you have to imagine the suicide potential is high. so the weeks it takes to kick in, you know, that's important. that's a lag time where bad stuff could happen. so this is encouraging news for a lot of people who suffer with this. >> a lot of...
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) pei incorporated moore's knife-edge mirror two piece into his designs for the national gallery in washington in 1976. his working relationship with i. m. pei continued. in dallas, moore's three forms vertebrae was set in front of the city hall. completed in 1978, it was his last major public work. then in his 80s, henry moore worked on as long as his health allowed him to. he died in 1986 and was buried in the much hadham parish churchyard. some critics still wonder if moore's remarkable success mighhaept fr ting his n newer directions. others disagree. oh, i thinore's success was always good for hi it may be bad for his reputation, but it wasn't bad for him, his ego, and the ego that was needed to make his work. success was needed in order to fuel the possibilities of a work that appeals to every man. (narrator) henry moore's legacy is still being debated, but what he achieved is beyond controversy. the early works combine a poetic gift for carving and a respect for craftsmanship that drew inspiration from a world wider and older than europe. his fascination with the body and the play of in
) pei incorporated moore's knife-edge mirror two piece into his designs for the national gallery in washington in 1976. his working relationship with i. m. pei continued. in dallas, moore's three forms vertebrae was set in front of the city hall. completed in 1978, it was his last major public work. then in his 80s, henry moore worked on as long as his health allowed him to. he died in 1986 and was buried in the much hadham parish churchyard. some critics still wonder if moore's remarkable...